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Guest Count Forecast v2

Last modified by
on
May 12, 2021, 11:56:02 AM
Created by
on
Jul 31, 2015, 2:00:04 AM
GCF=LY(1+IE)
(LY)Guest Count Last Year
(IE)Percentage Increase Estimate
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dc309fcc-3727-11e5-a3bb-bc764e2038f2

The Guest Count Forecast calculator computes the guest count for the current year based on the the guest count last year and the percent change anticipated.

INSTRUCTIONS:  Choose units and enter the following:

  • (LY) Guest Count Last Year
  • (EI) Expected percent change (increase or decrease)

Guest Count Forecast (GCF): The calculator returns the guest count forecast in number of guests.

The Math / Science

Guest Count Forecasting is the process of a company predicting what its future guest count will be. This forecast is done for a particular period of a time in the near future, usually the next fiscal year.

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
  • "Sales Forecasting Definition - at TrackMaven.com." TrackMaven. N.p., n.d. Web. 08 Aug. 2015.

This equation, Guest Count Forecast v2, is used in 2 pages
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